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Some Wild Stuff Going On in the Los Angeles Housing Market Last Month

What can we say? Northeast L.A. real estate continues to rock!

Take Mount Washington—predicted to be the hottest real estate market in 2016—which saw a 19.2% increase in February over January, according to a Redfin housing market report.

“Sellers in Mount Washington are getting 6.5 percent above asking price and houses are staying on the market for an average of only 13 days.”

The same report also stated that virtually all Northeast L.A. neighborhoods—Echo Park, Eagle Rock, Glassell Park and, of course, Mount Washington —have seen double-digit increases in median housing prices.

http://la.curbed.com/2016/3/17/11257806/los-angeles-housing-market-prices-february-2016

If you want to see what all the excitement is about in our hood, drop on by or give us a call. The Northeast real estate corridor is our home turf. Let us show you around.